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TEST OF UNCOVERED INTEREST RATE PARITY FOR SRI LANKA- EVIDENCE FROM LKR/GBP RATE

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dc.contributor.author Nirmali, H.
dc.contributor.author Rajapakse, R.P.C.R.
dc.date.accessioned 2018-12-03T04:00:12Z
dc.date.available 2018-12-03T04:00:12Z
dc.date.issued 2017-03
dc.identifier.citation Nirmali, H., Rajapakse, R.P.C.R. (2017). "TEST OF UNCOVERED INTEREST RATE PARITY FOR SRI LANKA- EVIDENCE FROM LKR/GBP RATE", EPRA International Journal of Multidisciplinary Research, Vol.3 (3), pp. 53-62 en_US
dc.identifier.issn 2455-3662
dc.identifier.uri http://dr.lib.sjp.ac.lk/handle/123456789/7718
dc.description.abstract Attached en_US
dc.description.abstract Interest rates and exchange rates are considered to be one of the most discussed areas under International Finance. When considering the main theories that explore on these two variables, Uncovered Interest Rate Parity (UIP) states that the interest rate differential is an unbiased predictor of the spot exchange rate changes. The impact on investors' attitude is that they would be indifferent towards the returns on domestic and foreign assets denominated in same currency thereby eliminating any short term arbitrage profits. Studies based on the relationship between these two variables are rare for developing countries like Sri Lanka. Therefore in order to bridge that gap identified through search for literature, this study is focused on testing UIP for Sri Lanka. Thefindings reveal that there is no evidence to prove the existence of UIP for the British Pound and the Sri Lankan Rupee.
dc.language.iso en en_US
dc.publisher EPRA Journals All Rights Reserved. en_US
dc.subject Autoregressive Distributed Lags (ARDL) Model, Exchange Rates, Interest Rates, Uncovered Interest Rate Parity (UIP). en_US
dc.title TEST OF UNCOVERED INTEREST RATE PARITY FOR SRI LANKA- EVIDENCE FROM LKR/GBP RATE en_US
dc.type Article en_US


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